Tax Tip Thursdays with The Mad Accountant on 105.5 HITS FM
We are on the radio every Thursday morning at 8:10, with Morning Den host Dan Pollard, giving YOU our latest tax tips. You can listen to highlights and full episodes below, and even engage in discussion with us using the blog posts at the bottom of the page. Hear something you like? Please don’t hesitate to give us a call.
Full Radio Shows
Looking for Something Specific?
Full Episodes & Discussions
TTT: Mortgage Market Shifts
High interest rates are really starting to catch up with the Canadian housing market. By now, even those who were lucky enough to renew right before all the rate hikes have gotten caught up in it. So, what can you do?
TTT: True or False – Common Myths
How well do you know your tax rules? Are you up-to-date on all of them? The CRA changes their rules often, and that thing your uncle told you about to save some cash might not work anymore, or may have been wrong from the very beginning.
TTT: Business vs Personal Accounts
Running a business is a complicated thing most of the time. Why make it more complicated by having a separate bank account for it? Well, it will make things much simpler when you are dealing with the CRA, and it keeps everything more neat and tidy. It will save you money in the long run!
TTT: Moving Your TFSA
Do you have a TFSA with more than one financial institution? Are you looking to move funds from one to the other? That's great, and might be a smart move. But be careful! The CRA has specific rules about how you can do this and they will penalize you heavily if you do not follow them.
TTT: Should I Incorporate My Business?
Incorporation isn't always the right choice, but it can be difficult to know for sure what the best solution is for your small business. While they offer many benefits over a Sole Proprietorship, they are often also more expensive.
TTT: Know Your 2024 Taxes Early
Do you dread tax season? Is it a stressful time of year for you? Wondering what you're going to owe? There is a good way around this, and it just takes some preparation and a little bit of forecasting. Of course, that can be tough, but that's why we bring in the professionals.
TTT: 2024 Tax Review Season
It's time for the 2024 Tax Review season to begin! The dreaded brown envelopes from the CRA have started pouring in, and that means it's time for me to start reminding people to actually open and read all their mail. If you don't respond to these notices, it could cost you THOUSANDS!
TTT: Paying Your Kids
Small businesses are excellent ways to write off various expenses so you don't have to pay taxes on them. One very popular method of doing this is by hiring your kids to work for your business. This is great for you and for them, and can be very lucrative for everyone involved. BUT, just because they are your kids does NOT mean you and they are exempt from tax and labour laws!